Tech · World

Mark Zuckerberg Invests in Prediction Markets App 'Arena'

1 sourceFirst reported 27 days agoUpdated 27 days ago

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Meta, led by Mark Zuckerberg, is developing a new mobile app called 'Arena'.
The app aims to compete with platforms like Polymarket and Kalshi.
'Arena' will function independently from other Meta social networks and may use a points system.
In the future, real betting features could be introduced, but they are not confirmed yet.
Prediction markets have gained popularity since the 2024 U.S. presidential elections.

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AI summary: catch up in 20 seconds

Meta, led by Mark Zuckerberg, is developing a new mobile app called 'Arena'.
The app aims to compete with platforms like Polymarket and Kalshi.
'Arena' will function independently from other Meta social networks and may use a points system.
In the future, real betting features could be introduced, but they are not confirmed yet.
Prediction markets have gained popularity since the 2024 U.S. presidential elections.

Generated by AI from the 1 sources below · always verify with the originals